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PPL Corp. reported strong second quarter earnings Thursday, as it works to complete a spin-off of its competitive energy supply business into a new stand-alone entity. The Allentown-based energy company reported earnings of $229 million or $0.34 a share, down from $405 million or $0.63 a share last year, but ahead of analysts' forecasts. Adjusting for special items, which include tax valuation charges related to the impending spin-off, PPL's earnings for the quarter were $357 million, or $0.53 a share, ahead of 2013, the company said. Revenues for the quarter were $2.9 billion, down from $3.5 billion for the same period of 2013, but also ahead of analysts' estimates. ...

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PPL Corp. reported strong second quarter earnings Thursday, as it works to complete a spin-off of its competitive energy supply business into a new stand-alone entity.The Allentown-based energy company reported earnings of $229 million or $0.34 a share,...

Thirty-five years ago, when a New Jersey-based outfit called General Public Utilities was irresponsibly cutting corners to increase profits, an Allentown-based outfit known as PP&L was emerging as one of nation's best-run utility companies.
GPU,...

PPL's spinoff of its supply segment is moving forward as planned, according to company officials.
The Allentown company completed several regulatory filings this month, including an application to the Pennsylvania Public Utility Commission this week, PPL...

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With a major new Hepatitis C test marketing partnership on the horizon, Bethlehem-based OraSure posted a $2.5 million profit on revenues of $26.4 million in the second quarter, beating analysts' estimates.
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• Owner: Avantor Performance Materials is owned by an affiliate of New Mountain Capital LLC. New Mountain Capital is a New York-based private equity firm investing for long-term capital appreciation through direct investment in growth-equity...

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